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See how verdicts work5-bedroom detached house · KY16 8RT
Listing removedReduced £45k (−9.1%) on 23 MarListed 356 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within an established residential area close to the heart of St Andrews, 3 Canongate is a detached two-storey villa offering spacious and flexible accommodation, equally suited to be used as a family home or investment property.
Currently configured as a five-bedroom HMO, the property benefits from generous proportions, bright interiors, and well-maintained garden grounds.
The ground floor comprises a welcoming entrance hall leading to a large dining kitchen fitted with a range of wall and base units, ample work surfaces, and space for appliances including a washing machine, tumble dryer, dishwasher, and gas hob.
From here, doors open into a bright conservatory overlooking the rear garden; an ideal space for dining or relaxation.
Three comfortable bedrooms are located on the ground floor, two of which are doubles, with bedroom one featuring a large window providing front garden views.
A modern shower room completes the accommodation on this level. Upstairs, there are two further well-proportioned double bedrooms.
The front bedroom five with velux window allowing ample light, while bedroom four benefits from direct access to a spacious balcony, perfect for enjoying morning coffee or evening sun.
A second shower room serves the upper floor.
Externally, the property offers a private driveway providing off-street parking, a single garage, and an enclosed rear garden with patio area, mature trees and hedging, and a large lawn.
With gas central heating and double glazing throughout, the home is both practical and comfortable.
This property currently holds an HMO licence for five tenants, generating a rental income of £3,250 per month - making it an attractive opportunity for both owner-occupiers and investors.
There is a tenancy in place for the 2025/2026 academic year and vacant possession available from May 2026 Furniture, appliances, equipment, curtains to be included.
EPC Banding - D Council Band - F Tenure - Freehold Summary of Accommodation • Detached two-storey villa • Five Bedrooms (four doubles and one single) • Spacious Kitchen with appliances and access to conservatory • Bright Conservatory overlooking rear garden • Two Shower Rooms (one on each floor) • Balcony off Bedroom Four • Driveway providing off-street parking • Single Garage • Enclosed rear garden with patio, lawn, mature trees and hedges • Gas Central Heating and Double Glazing • EPC Rating: C Location Canongate is a well-established and highly sought-after residential area within easy walking distance of St Andrews town centre, renowned worldwide as the Home of Golf and home to Scotland’s oldest university.
The property is ideally positioned for access to a superb range of local amenities, including independent shops, cafés, restaurants, supermarkets, and leisure facilities.
St Andrews offers a distinctive blend of historic character and modern convenience, with its medieval streets, cultural landmarks, and outstanding recreational opportunities.
Golf enthusiasts are spoilt for choice with the iconic Old Course, as well as several other world-class courses nearby.
The sweeping West Sands Beach provides an impressive setting for walking, running, or water sports, while the surrounding countryside and coastline offer a wealth of scenic trails and picturesque villages to explore.
Excellent schooling is available locally, along with the University of St Andrews, which attracts students and academics from around the world.
The area is well-served by regular bus services, and Leuchars railway station, approximately five miles away, provides direct connections to Dundee, Edinburgh, Aberdeen and beyond.
St Andrews is also well placed for accessing the East Neuk of Fife and its charming harbours, beaches, and renowned restaurants.
General Remarks & Information Fixtures and Fittings: Only appliances specifically mentioned in the sales particulars are included in the sale price.
In all other aspects the treatment of fixtures and fittings within the relevant Conveyancing Standard Clauses apply.
Services: Gas heating, mains water, electricity, broadband, telephone (subject to telephone providers’ regulations). Viewing: By appointment through St Andrews. 28 Bell Street, St Andrews, KY16 9UX.
Email: Tel: Offers: Offers should be submitted in Scottish Legal Form to the selling agents Rettie & Co. A closing date by which offers must be submitted may be fixed later.
Please note that interested parties are advised to register their interest with the selling agents in order that they may be advised should a closing date be set.
The seller reserves the right to accept any offer at any time.
Council Tax Band: F EPC Rating: C Postcode: KY16 8RT Tenure: Freehold Particulars Prepared: 6th November 2025 Internet Website This property and other properties offered by Rettie & Co.
& Rettie LLP's. can be viewed on our website at as well as Rightmove, OnTheMarket and The London Office.
Servitude Rights, Burdens & Wayleaves The property is sold subject to and with the benefit of all servitude rights, burdens, reservations and wayleaves including rights of access and rights of way, whether public or private, light, support, drainage, water and wayleaves for masts, pylons, stays, cable, drains and water, gas and other pipes whether contained in the title deeds or informally constituted and whether or not referred to above.
Important Notice Rettie, their clients and any joint agents give notice that: They are not authorised to make or give any representations or warranties in relation to the property either in writing or by word of mouth.
Any information given is entirely without responsibility on the part of the agents or the sellers.
These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. All Rettie floorplans are drawn to RICS standard.
The text, photographs and plans are for guidance only and are not necessarily comprehensive and it should not be assumed that the property remains as photographed.
Any error, omission or mis-statement shall not annul the sale or entitle any party to compensation or recourse to action at law.
It should not be assumed that the property has all necessary planning, building regulation or other consents, including for its current use. Rettie & Co.
& Rettie LLP’s have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise and ought to seek their own professional advice.
All descriptions or references to condition are given in good faith only.
Whilst every endeavour is made to ensure accuracy, please check with us on any points of especial importance to you, especially if intending to travel some distance.
No responsibility can be accepted for expenses incurred in inspecting properties which have been sold or withdrawn.
Proof and source of Funds/Anti Money Laundering Under the HMRC Anti Money Laundering legislation all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds.
This may include evidence of bank statements/funding source, mortgage or confirmation from a solicitor the purchaser has the funds to conclude the transaction.
All individuals involved in the transaction are required to produce proof of identity and proof of address.
Rettie use electronic verification, if this is not possible original documents are acceptable.
Misrepresentations The property is sold with all faults and defects, whether of condition or otherwise and neither the seller nor Rettie & Co.
or Rettie LLP’s, the selling agent, are responsible for such faults and defects, nor for any statement contained in the particulars of the property prepared by the said agent.
The Purchaser(s) shall be deemed to acknowledge that they have not entered into contract in reliance on the said statements, that they are satisfied themselves as to the content of each of the said statements by inspection or otherwise and that no warranty or representation has been made by the seller or the said agents in relation to or in connection with the property.
Any error, omission or misstatement in any of the said statements shall not entitle the purchaser(s) to rescind or to be discharged from this contract, nor entitle either party to compensation or damages nor in any circumstances to give either party any cause for action.
EPC Rating: D Council Tax Band: F
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Archie refurb estimate: a Pro feature
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This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 3, Canongate, St. Andrews, Fife
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